Oil Company Profits Sky-High - The Orange Mane

L.A. BRONCOS FAN · 10-28-2004, 05:38 PM

NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported a 56 percent rise in quarterly profit, driven by soaring oil and gas prices.

Net income in the third quarter jumped to $5.68 billion, or 88 cents a share, compared with $3.65 billion, or 55 cents a share, in the year earlier period.

http://story.news.yahoo.com/news?tmp...exxon_earns_dc

You think Exxon management would like to see Bush remain in the White House?

L.A. BRONCOS FAN · 10-28-2004, 05:45 PM

Shell profit of $5.4 billion in the 3rd quarter

The (2nd largest oil) company said net income for the third quarter rose to US$5.4 billion (euro4.22 billion) from US$2.45 billion. Sales were $89.5 billion (euro70.5 billion), up 35 percent.

Shell benefited from rising oil and chemicals prices in the third quarter and reported strength in all of its biggest businesses.

http://biz.yahoo.com/ap/041028/earns...h_shell_2.html

L.A. BRONCOS FAN · 10-28-2004, 05:45 PM

ConocoPhillips, the nation's third-biggest oil company, reported a 54 percent jump in third-quarter profits as it benefited from high oil and natural gas prices.

ConocoPhillips said today it earned $2.01 billion, or $2.86 a share, for the July-September period, up from $1.31 billion, or $1.90 per share, a year ago.

http://www.chron.com/cs/CDA/ssistory...siness/2869460

Spider · 10-28-2004, 05:53 PM

No wonder , they have done everything under the sun to tear apart Kerry , From Swift Boat Vets for truth , to Stolen Honor ........ That kind of money is hard to give up ........

watermock · 10-28-2004, 05:56 PM

Oil is in high demand globally and there are problems with our pipelines in the gulf. Your an idiot.

Spider · 10-28-2004, 06:00 PM

Quote:

Originally Posted by watermock

Oil is in high demand globally and there are problems with our pipelines in the gulf. Your an idiot.

Always with an excuse ........Speaking of Idiots Mock how ya Been ?

L.A. BRONCOS FAN · 10-28-2004, 06:06 PM

I'll bet Willie the Wino thinks the increase in profits and the fact that we have two oil men in the WH is just a coincidence.

Never mind the fact that Deferment Dick has been fighting to increase the price of oil for ages.

Spider · 10-28-2004, 06:10 PM

Quote:

Originally Posted by L.A. BRONCOS FAN

I'll bet Willie the Wino thinks the increase in profits and the fact that we have two oil men in the WH is just a coincidence.

Of course it is , Besides all the Oil surplus was sent to syria wit hthe WMD

Quote:

Never mind the fact that Deferment Dick has been fighting to increase the price of oil for ages.

Naw that couldnt have anything to do with High Prices ....... Cheney was wanting

L.A. BRONCOS FAN · 10-28-2004, 06:26 PM

1987: Cheney Fought on Behalf of Oil Companies to Raise Oil Prices

In 1987, Cheney introduced the Energy Security Policy Act and fought on behalf of oil companies to "raise prices now." The bill imposed a fee on oil imports in an effort to stimulate domestic oil exploration and production. On the floor of the House, Cheney said, "Low world oil prices... have made the United States much reliant on imported supplies.... Unless we take action to raise prices now, through the action of an oil import fee, it will be too late to do so when prices rise.... To restore ability to oil pricing, I introduce today the Energy Security Policy Act. It would impose a variable fee on imported oil and petroleum products, which would be triggered whenever the price of oil drops below $24 a barrel.

http://forum.johnkerry.com/index.php...opic=8184&st=0

1999: World Oil Said Bush Would Be the Perfect Presidential Candidate to Deal With Low Oil Prices.

In 1999, World Oil wrote that Bush "would be well aware of the fact that oil prices have collapsed" and "would seem to be the perfect individual to lead the charge in doing something about the price of oil." The editorial said one possibility was that Bush and his father could persuade the Middle East to hold production, increasing prices, and that if Bush was successful in increasing the price of oil, "he could parlay his actions into substantial contributions."

1999: Cheney Praised OPEC Production Cuts That Raised Oil Prices.

According to the Associated Press in March 1999, "OPEC members agreed today to cut crude oil production by 2.1 million barrels a day and maintain lower levels of output for a full year starting April 1, oil ministers said. The group of 11 oil producing nations approved the cuts in an effort to strengthen prices and end a global oil glut." Then-Halliburton CEO Dick Cheney praised OPEC's decision. "I've been struck by the extent OPEC seems to have gotten its act together," said Cheney.

http://digbysblog.blogspot.com/2004_...g_archive.html

W*GS · 10-29-2004, 09:49 AM

Quote:

Originally Posted by L.A. BRONCOS FAN

I'll bet Willie the Wino thinks the increase in profits and the fact that we have two oil men in the WH is just a coincidence.

Are you taking into account the political unrest in Nigeria, Venezuela, and (yes) Iraq into account? How about the rampant demand from China? Or the upcoming winter season in the US and Europe?

The rise in oil price is not due solely to Bush/Cheney machinations.

NaptownChief · 10-29-2004, 09:57 AM

Well it's a good thing the folks like the Clintons never did anything from the White House for their own financial gain...Say like sign an Executive Order limiting Secret Service coverage for future Presidents but not for him and like say have those Secret Service men live in a guest house on the NY property they bought and charge the government more in rent than they are paying for the house....or hand out pardons to anyone willing to make large political contributions or like.....boy we could go on for days with these.

Mile High Shack · 10-29-2004, 09:59 AM

apparently Jimmy Carter was in bed with them too, being that oil was relatively higher in the late 70's.

NaptownChief · 10-29-2004, 10:02 AM

Quote:

Originally Posted by Mile High Shack

apparently Jimmy Carter was in bed with them too, being that oil was relatively higher in the late 70's.

He was clearly in bed with the consumer credit companies also....had rates jacked up in the 25+% for car loans...

TailgateNut · 10-29-2004, 10:47 AM

Quote:

Originally Posted by NaptownChief

He was clearly in bed with the consumer credit companies also....had rates jacked up in the 25+% for car loans...

Maybe if you had paid your bills on time your credit score would have been above 100, and running around in a goofy loin cloth carrying a rubber tomahawk does'nt help!

NaptownChief · 10-29-2004, 10:57 AM

Quote:

Originally Posted by TailgateNut

Maybe if you had paid your bills on time your credit score would have been above 100, and running around in a goofy loin cloth carrying a rubber tomahawk does'nt help!

When that bozo was in office the only thing I was driving was baseballs in Little League. But I do remember him putting the squeeze on the old folks like you during that time periord.

Spider · 10-29-2004, 11:11 AM

...... good ole Numbnuts and his logic ......

Mile High Shack · 10-29-2004, 11:13 AM

the only warped logic is who started this inane post.

I stated that oil companies made more money in Carter years.

so obviously he was in bed with them then.

bendog · 10-29-2004, 11:16 AM

Don't laugh, nappy. Carter inherited 8 years of the gop expanding the money supply too much so Americans could pay for higher oil prices without feeling it so much. Then he, volker and reagan had to make some hard choices. Even so, at the time, my old man had our house paid for and a couple of hundred grand in CD's, so we were in nice shape. In short, the people with money in the bank should do real good over the next 4 years ... regardless of who is elected.

ps, maybe exxon profits will make up for me selling P$G to buy micron .... maybe not.

NaptownChief · 10-29-2004, 11:33 AM

Quote:

Originally Posted by bendog

In short, the people with money in the bank should do real good over the next 4 years ... regardless of who is elected.

That always tends to be the case....

bendog · 10-29-2004, 12:10 PM

no, not necessarily. Rates will have to rise, and that's bad for the people who owe more than have .... of course those locked into low rate mortgages will not be hurt as much as young folks looking to start out.

btw, I'm not sure I should be mad these folks are making way more than me or glad I'm not dead yet

http://biz.yahoo.com/weekend/deadcelebs_1.html

NaptownChief · 10-29-2004, 12:29 PM

Quote:

Originally Posted by bendog

no, not necessarily.

as opposed to those who don't have money, it is...

On a side note, a 2 year CD is paying 3.0% today...The real rate of return is probably similar and possibly better than during the Carter era....Those that made a killing are the folks that locked in non-callable 20-30 year rates from that time period. Talk about feeling like you have the world by the short hairs, getting paid 18% risk free treasury interest while everyone else is netting about 2.15% for 6 month rates right now.

orinjkrush · 10-29-2004, 02:54 PM

when i'm president (i have the SAT scores for it apparently) i am hiring all the lawyers i can get my hands on and we are going after corporate greed and misdeeds. Oil. Finance. Banking. Wall Street. We wouldn't need the personal income tax anymore, because it would revert to how it all started (to pay for WWI debts) it would be a 100% corporate profits tax. Plus penalties.

Hogan11 · 10-29-2004, 03:26 PM

It broke $2.20 for unleaded here today.

I don't give a **** about what it was like in the late 70's..someone is making some serious money here.....

Bronco_Beerslug · 10-29-2004, 03:48 PM

Quote:

Originally Posted by Hogan11

It broke $2.20 for unleaded here today.

I don't giv a **** about what it was like in the late 70's..someone is making some serious money here.....

Yeah, I believe we are in a different century now. That was then and this is now. When the oil and gas companies all make a 50% jump in profits, someting is wrong.

W*GS · 10-29-2004, 03:53 PM

Quote:

Originally Posted by Bronco_Beerslug

When the oil and gas companies all make a 50% jump in profits, someting is wrong.

Yeah. Look at your fellow Americans and their gasaholic ways.

10-28-2004, 05:38 PM	#1
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	Oil Company Profits Sky-High NEW YORK (Reuters) - Exxon Mobil Corp., the world's largest publicly traded oil company, on Thursday reported a 56 percent rise in quarterly profit, driven by soaring oil and gas prices. Net income in the third quarter jumped to $5.68 billion, or 88 cents a share, compared with $3.65 billion, or 55 cents a share, in the year earlier period. http://story.news.yahoo.com/news?tmp...exxon_earns_dc You think Exxon management would like to see Bush remain in the White House?

10-29-2004, 11:16 AM	#18
bendog Marginally Continent David Bowens, he'd be an upgrade Join Date: Jun 2001 Location: Folsom Prison Posts: 19,935 Adopt-a-Bronco: David Bowens	Don't laugh, nappy. Carter inherited 8 years of the gop expanding the money supply too much so Americans could pay for higher oil prices without feeling it so much. Then he, volker and reagan had to make some hard choices. Even so, at the time, my old man had our house paid for and a couple of hundred grand in CD's, so we were in nice shape. In short, the people with money in the bank should do real good over the next 4 years ... regardless of who is elected. ps, maybe exxon profits will make up for me selling P$G to buy micron .... maybe not. Last edited by bendog; 10-29-2004 at 11:19 AM..

10-29-2004, 03:26 PM	#23
Hogan11 Rock-N-Roll Historian Let's take these SOB's out!!!!!! Join Date: Nov 2002 Location: W.NY.B.C. Posts: 21,300 Adopt-a-Bronco: Floyd Little	It broke $2.20 for unleaded here today. I don't give a **** about what it was like in the late 70's..someone is making some serious money here..... Last edited by Hogan11; 10-29-2004 at 03:49 PM..

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10-28-2004, 05:45 PM	#2
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	Shell profit of $5.4 billion in the 3rd quarter The (2nd largest oil) company said net income for the third quarter rose to US$5.4 billion (euro4.22 billion) from US$2.45 billion. Sales were $89.5 billion (euro70.5 billion), up 35 percent. Shell benefited from rising oil and chemicals prices in the third quarter and reported strength in all of its biggest businesses. http://biz.yahoo.com/ap/041028/earns...h_shell_2.html

10-28-2004, 05:53 PM	#4
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	No wonder , they have done everything under the sun to tear apart Kerry , From Swift Boat Vets for truth , to Stolen Honor ........ That kind of money is hard to give up ........

10-28-2004, 05:56 PM	#5
watermock "Hoodie Jr" "Hug me!" Join Date: Jul 2001 Location: Hot Springs, Ouachitah Posts: 77,090	Oil is in high demand globally and there are problems with our pipelines in the gulf. Your an idiot.

10-28-2004, 06:06 PM	#7
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	I'll bet Willie the Wino thinks the increase in profits and the fact that we have two oil men in the WH is just a coincidence. Never mind the fact that Deferment Dick has been fighting to increase the price of oil for ages.

10-28-2004, 06:26 PM	#9
L.A. BRONCOS FAN Mo' holla fo' yo' dolla! Join Date: Dec 2002 Location: In a bunker in an undisclosed location Posts: 52,694	1987: Cheney Fought on Behalf of Oil Companies to Raise Oil Prices In 1987, Cheney introduced the Energy Security Policy Act and fought on behalf of oil companies to "raise prices now." The bill imposed a fee on oil imports in an effort to stimulate domestic oil exploration and production. On the floor of the House, Cheney said, "Low world oil prices... have made the United States much reliant on imported supplies.... Unless we take action to raise prices now, through the action of an oil import fee, it will be too late to do so when prices rise.... To restore ability to oil pricing, I introduce today the Energy Security Policy Act. It would impose a variable fee on imported oil and petroleum products, which would be triggered whenever the price of oil drops below $24 a barrel. http://forum.johnkerry.com/index.php...opic=8184&st=0 1999: World Oil Said Bush Would Be the Perfect Presidential Candidate to Deal With Low Oil Prices. In 1999, World Oil wrote that Bush "would be well aware of the fact that oil prices have collapsed" and "would seem to be the perfect individual to lead the charge in doing something about the price of oil." The editorial said one possibility was that Bush and his father could persuade the Middle East to hold production, increasing prices, and that if Bush was successful in increasing the price of oil, "he could parlay his actions into substantial contributions." 1999: Cheney Praised OPEC Production Cuts That Raised Oil Prices. According to the Associated Press in March 1999, "OPEC members agreed today to cut crude oil production by 2.1 million barrels a day and maintain lower levels of output for a full year starting April 1, oil ministers said. The group of 11 oil producing nations approved the cuts in an effort to strengthen prices and end a global oil glut." Then-Halliburton CEO Dick Cheney praised OPEC's decision. "I've been struck by the extent OPEC seems to have gotten its act together," said Cheney. http://digbysblog.blogspot.com/2004_...g_archive.html

10-29-2004, 09:57 AM	#11
NaptownChief Donkeys Nightmare Football Pimp Join Date: Dec 2002 Posts: 7,490	Well it's a good thing the folks like the Clintons never did anything from the White House for their own financial gain...Say like sign an Executive Order limiting Secret Service coverage for future Presidents but not for him and like say have those Secret Service men live in a guest house on the NY property they bought and charge the government more in rent than they are paying for the house....or hand out pardons to anyone willing to make large political contributions or like.....boy we could go on for days with these.

10-29-2004, 09:59 AM	#12
Mile High Shack Ring of Famer Cock-a-doodle-do Join Date: May 2001 Location: Somewhere Posts: 17,010	apparently Jimmy Carter was in bed with them too, being that oil was relatively higher in the late 70's.

10-29-2004, 11:11 AM	#16
Spider Mr Diplomacy I survived Tebow Mania at the Mane Join Date: May 2001 Location: Elway was just an arm =MacGruder Posts: 84,438 Adopt-a-Bronco: Von Miller	...... good ole Numbnuts and his logic ......

10-29-2004, 11:13 AM	#17
Mile High Shack Ring of Famer Cock-a-doodle-do Join Date: May 2001 Location: Somewhere Posts: 17,010	the only warped logic is who started this inane post. I stated that oil companies made more money in Carter years. so obviously he was in bed with them then.

10-29-2004, 12:10 PM	#20
bendog Marginally Continent David Bowens, he'd be an upgrade Join Date: Jun 2001 Location: Folsom Prison Posts: 19,935 Adopt-a-Bronco: David Bowens	no, not necessarily. Rates will have to rise, and that's bad for the people who owe more than have .... of course those locked into low rate mortgages will not be hurt as much as young folks looking to start out. btw, I'm not sure I should be mad these folks are making way more than me or glad I'm not dead yet http://biz.yahoo.com/weekend/deadcelebs_1.html

10-29-2004, 02:54 PM	#22
orinjkrush ... Prospects for the future... Join Date: Jan 2003 Location: DistrictOfCorruption Posts: 4,913 Adopt-a-Bronco: Ben Garland	when i'm president (i have the SAT scores for it apparently) i am hiring all the lawyers i can get my hands on and we are going after corporate greed and misdeeds. Oil. Finance. Banking. Wall Street. We wouldn't need the personal income tax anymore, because it would revert to how it all started (to pay for WWI debts) it would be a 100% corporate profits tax. Plus penalties.